Oppenheimer Asset Management Inc. Sells 362 Shares of TransDigm Group Incorporated (NYSE:TDG)

Oppenheimer Asset Management Inc. lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 27.2% in the fourth quarter, HoldingsChannel reports. The fund owned 967 shares of the aerospace company’s stock after selling 362 shares during the period. Oppenheimer Asset Management Inc.’s holdings in TransDigm Group were worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after purchasing an additional 29,489 shares during the last quarter. Principal Financial Group Inc. grew its holdings in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after buying an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. increased its position in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares during the period. FMR LLC lifted its holdings in shares of TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after buying an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after acquiring an additional 19,314 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,472.47.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock valued at $155,847,223 in the last 90 days. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 0.2 %

Shares of TransDigm Group stock opened at $1,369.82 on Tuesday. The firm’s 50 day moving average is $1,315.70 and its 200 day moving average is $1,325.43. The firm has a market capitalization of $76.83 billion, a PE ratio of 48.32, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the firm posted $7.16 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.